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Instrument: US100
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 13748.39 with take profit at 13775.25.
Bearish Preference:
Sell position is envisaged if price trades below 13673.30 with take profit at 13647.72.
Fundamentals:
None with high impact.
Comment: U.S. stocks closed slightly lower on Tuesday, and each of Wall Street’s main indexes failed to stray far from the unchanged mark following a rally in the prior session as investors continue to try and assess the route of inflation. While most market participants expect prices to increase as the economy recovers, concerns about the speed and trajectory of the rise persist.
Analysis: SCRUM Team
